Question

Which accurately describes a potential advantage of leasing rather than purchasing an automobile?

a.Leasing grants legal rights associated with ownership of the vehicle.
b.Leasing does not require credit approval.
c. Leasing places no limit on the number of miles the automobile is driven.
d. Leasing usually requires a lower down payment than purchasing.

Answer 1

Leasing usually requires a lower down payment than purchasing.

Step-by-step explanation:

The potential advantage of leasing rather than purchasing an automobile is that leasing usually requires a lower down payment than purchasing. When you lease a vehicle, you generally have to pay a smaller down payment compared to buying it outright. This can make leasing more affordable and accessible for people who may not have a large amount of money for a down payment.